Infrastructure Financing through Islamic
Finance in the Islamic Countries
29
monitoring frameworks (to safeguard the welfare of citizens and promote sustainable
development).
Figure 2.3: Sources of Infrastructure Financing
Source: Adapted from Ahmed (2017)
Chart 2.1: Estimates of Sources of Infrastructure Financing in Emerging Economies and
Developing Countries (USD billion)
Source: Bhattacharya A., Romani M. (2013),
The distribution of funds used in the infrastructure projects in emerging economies and
developing countries is shown in Chart 2.1. The bulk of the infrastructure investments in these
economies still comes from government budgets. The private sector is the second largest
source of funds for the infrastructure sector with estimated investments of USD 150 to 250
billion. The national development banks in these countries also provide significant financing in
the range of USD70-100 billion. The international sources of financing from overseas
Government
Budgets ($500-
550 bil)
Private Finance
($150-250bil)
NDBs ($70-100bil)
ODA/MDB Finance
($40-60bil)
Other Developing
Country Finance
(<$20bil)